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Abramovich Sets To Sell Chelsea For £2bn

Gbemileke Ajayi

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Chelsea owner Roman Abramovich has hired New York bank Raine Group in preparation for selling off the club, according to The Sunday Times.

The bank is said to have valued the club at £2 billion and Chelsea have engaged their advisors after they helped Manchester City sell a 13 per cent stake in the club to China Media Capital for £265 million in 2015.

It is unclear whether they would look for new owners or to sell a stake in the club which Abramovich bought for £140 million in 2003 but the move comes at a critical time for Chelsea, who look overwhelmed by the scale of the wealth of clubs such as Manchester City and Paris Saint Germain.

In May, following the political sanctions Great Britain imposed on Russia in response to the Salisbury poisoning, Chelsea announced that Abramovich was putting off a proposed £500 million expansion of Stamford Bridge.

They have failed to qualify for the Champions League for the second time in three years, having previously qualified for the competition every year since Abramovich took over.

They have also still to convince Eden Hazard to sign a new contract or risk having to sell him to Real Madrid next summer when he will have just one more year on his deal.

Chelsea needs to rebuild the team under new manager Maurizio Sarri after having allowed talents such as Mo Salah, Kevin de Bruyne and Romelu Lukaku to leave the club in recent years.

Chelsea has enjoyed a long spell of success since Abramovich completed his takeover in the summer of 2003.

They became the first London club to the win the Champions League in 2012, as well as earning five of their six league titles in this period.

However, more inconsistent league finishes recently and the rise of uber-rich Man City have ended this dominant period.

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AFCON 2019: Nigeria Draws Guinea, Madagascar, Burundi [Full Fixtures]

Gbemileke Ajayi

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The Super Eagles of Nigeria have been drawn against Guinea, Madagascar, and Burundi in Group B of the African Cup of Nations, Egypt 2019.

The Gernot Rohr lads will begin their campaign at the the championship they won in South Africa i. 2013 against Burundi in the group opener.

In other groups, host Egypt will battle DR Congo, Uganda and Zimbabwe in Group A, former champions Senegal and Algeria will have Kenya and giant killers Tanzania to slug it with in Group C.

Morocco, Cote d’Ivoire South Africa and Namibia were drawn in Group D which tagged as the competition Group of Death.

North African champions, Tunisia, Mali, Mauritania and Angola are up for Group E qualifying tickets.

Cameroon will also have Ghana, Benin and Guinea-Bissau to contend with Group F of the tournament.

Group A

Egypt
DR Congo
Uganda
Zimbabwe

Group B

Nigeria
Guinea
Madagascar
Burundi

Group C

Senegal
Algeria
Kenya
Tanzania

Group D

Morocco
Cote d’Ivoire
South Africa
Namibia

Group E

Tunisia
Mali
Mauritania
Angola

Group F

Cameroon
Ghana
Benin
Guinea-Bissau

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BIG STORY

Give Me £500,000-A-Week And I’ll Snub Real Madrid —- Pogba Tells Man Utd

Peter Okunoren

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Manchester United are reportedly ready to open talks with Paul Pogba over a new contract, the UK Sun reports.

But the French midfielder is going to test Old Trafford chiefs desire to keep him, by demanding a total wage packet of £500,000-a-week.

It is believed Pogba wants parity as the club’s highest paid player with Alexis Sanchez, as the eye-watering deal handed to Sanchez 15 months ago, is coming back to bite executive vice-chairman Ed Woodward once again.

Sanchez’s huge contract has changed the game at United, especially given the struggles suffered by the South American since joining last January.

Pogba’s demands will be strengthened by public admissions from Real Madrid boss, Zinedine Zidane, that he would like his compatriot at the Santiago Bernabeu.

Pogba has two years left on his current £300,000-a-week deal, with a further 12-month option.

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Special Olympics World Games 2019: Union Bank, Special Olympics Nigeria Welcome Team Nigeria

Gbemileke Ajayi

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Union Bank, proud co-sponsors of Team Nigeria to the Special Olympics World Games in Abu Dhabi, joined the Board and Members of Special Olympics (SO) Nigeria at a reception to welcome the team.

The 84-man delegationto the World Games was made up of 24 officials and 60 athletes who represented Nigeria in 8 sports categoriesincluding Athletics, Badminton, Basketball, Football, Table-tennis, Volleyball, Swimming and Cycling, winning a total of 63 medals.

Speaking at thewelcome reception, Mrs. Ogochukwu Ekezie-Ekaidem, the Head of Corporate Communications and Marketing at Union Bank congratulated the athletes and commended their hard work, resilience and resolve. She also applauded the efforts anddedication of the officials who worked extensively withthe teams ahead of the competition.

According to her;

“Union Bank is proud of the longstanding relationship we have developed with Special Olympics Nigeria, a platform that is focused onthree areas we are passionate about – Talent development, Sports and Inclusion.

As an institution committed to enabling people succeed, we are inspired by the team’s performance at the recent World Games, a testament to their hard work, determination and resilience.”

Union Bank has been a consistent supporter of Special Olympics Nigeria and Sports in general. In 2015, the Bank sponsored Team Nigeria to the Special Olympics World Games in Los Angeles. The Bank was also the official corporate sponsor of the Nigerian team to the last Olympic Games in Rio.

This partnership with Special Olympics Nigeria highlights Union Bank’s deep rooted support for inclusion and sports in Nigeria.

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